Could The UFC Octagon Be Shrinking?

Dave Doyle tried to get the scoop about a potential UFC-WEC merger during a recent Question and Answer session with UFC President Dana White, but instead received this,

DD: Would the WEC fighters lose something if you moved them from the smaller WEC cage to the bigger UFC Octagon?

DW: Actually, we’ve been talking about making the Octagon smaller. We’re considering making it smaller. [UFC matchmaker] Joe Silva wants it. I think he wants to turn the thing into a [expletive] bathtub. Have them fight in a little tollbooth.

I guess the big question here is, will having a smaller fighting surface make the fighters engage more, resulting in more entertaining fights?